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Three innovative ways to save
Attract and retain talent Beat big insurance at their own game
“The biggest impact is the cost savings. It has enabled us to offer better benefits, bigger benefits."
"I think it is really great to have a lot of hospitals involved. It makes me feel like the team is bigger. Our employees always tell their friends about our health plan.”
"CHIC has saved us over $1 million in premiums alone. It’s fantastic… And, for a new CEO who is constantly trying to prove themselves, it helps validate the choices we make."
"In our long-standing partnership with HealthSure, we make sure TORCH hospitals never go it alone. We have developed significant scale, purchasing power and risk mitigation benefits over the last 15 years. I’m proud of what this program has become and how it will continue to bring resources that directly impact our hospitals."
Take the Community Hospital Insurance Coalition (CHIC) for example. With our expert support and management, more than 30 rural hospitals who have come together to own this medical stop-loss reinsurance company. They are paying less for their insurance, improving benefits program performance, and receiving their share of a significant annual surplus cash distribution (~$2.5 million since inception in 2018).
